Wednesday, January 17, 2007

LPO goes to IIT

Legal Process Outsourcing company Pangea3 is participating in recruitments at various Indian Institutes of Technology (IIT) across the country. Economic Times has this article about the news.

Two things in particular interest me:
1. The number of offers - 5 IITs, estimated 10 offers per IIT i.e. 50 offers! 50 offers across IITs for a company that is less than 2 years in operation. It will be interesting to see how many of those actually join and how many stay on 6 months after joining.
2. Compensation - This isn't confirmed but from what I hear is being offered to fresh graduates, 8-9 lakh p.a. (~ $20,000 p.a.), the competition is surely going to feel very uneasy. 8-9 lpa is something that companies offered to someone with 2-3 years of high quality experience. These unusually high numbers are definitely going to skew the talent supply in the space and it will be interesting to see how the competition tackles this.

This development is certainly a "mover and shaker" and this blog is happy to track it!